KEG Royalties Income Fund T.KEG.UN

Likely to test $14

[flamingogold]

and maybe a break below to the mid $13's. If Prem wants the Royalty units, he will want it for much less than the current share price before making an offer. Any shark would. I think it could happen in the $12's + a premium of course.

[nedstar71]

Anything is possible things are getting ugly for the sector.  I'd be blowing out whatever I could on SRV if the volume allows it to slowly ease into this if staying in the restaurant sector at all. Restaurants are weakening big time and that one trades at a premium but was by far the worst performer in the slow down before covid. It's no volume strength is a good time to bail and not

[flamingogold]

I agree a slowdown is underway. I'm ar a Fox and Firkin while I type this and the traffic is about 30% capacity with a Jay game on  I'm happy with what SRV has done since covid hot. The new look at Jack's is very retro and nicely done. It's clean, the food has improved and it shows as the last visit I went to was very busy. My average there is low enough I will hod through rhe

[flamingogold]

Parden the spelling mistakes in that last post, typing on a phone is not my forte  

[Robsopinion]

I pardon your parden :) welcome Gents. As far as the low ball offers go, remember what happened when SRV (Fowler) tried to be too oppertunistic. A bid too low and the shareholders balk, laying a solid ground floor into the unit price.There would have to be a decent premium here, shareholders know that Fairfax has deep pockets.

[flamingogold]

Fowler was way off base with his lowball offfer. An offer here in the $12's + premium on the other hand would not be considered opportunistic. When looking at an historical chart, the $12 range is technically a long term support level broken only by covid and the financial crises. Of course I could be totally wrong, wouldn't be the first time either.

[nedstar71]

What chart are you be looking at that would give you $12 as a support level?  Other than the +/- year spanning the covid nonsense it hasn't traded below $14  really at all, and long term support would appear to me to be closer to $15 for 10 years now.  But if you are content on using $12 plus a premium as your number, unless the premium was about 6 bucks above that it would be a

[flamingogold]

Oct 2011 and Dec 2020 were the 2 extreme lows excluding covid and the financial crash periods. On an average basis, I would say the stock is trading where it is now. So an offer (+ premium) somewhere in between leaning more to the lower end is what I'm thinking. As for $18 or more, the price has traded in that range for only about 24 months in total. If that is the total offer price I would

[nedstar71]

"On an average basis, I would say the stock is trading where it is now" We'll go back.10 years. Pre covid from Sep 2013 - Feb 2020 it didn't trade below $15 at all and looks to have averaged $17, even trading as high as $22. Going back more than 10 years isn't relevant.  It spent 4 of those 7 years trading well above $17.  Moving past covid in between early 2022 and

[flamingogold]

Same chart, I just picked the lowest support price because stocks do often retest them. $12+ was seen less than 2 years ago, I don't think it's a big stretch from here to print it again. I would like to re-enter there but I may not get it. Knowing that shark Prem is lurking, I would want to be in around there.

[nedstar71]

Anything is possible in this market, including $12 or below.  Aways funny to hear the "in the stock" vs "out of the stock" opinions though lol.

[flamingogold]

I sold last June '22 for $15.5. I just ran the calculation and the missed distributions have since been offset by the price drop. If this prints mid $12 for a 9% distribution I'll likely re-open a position.